Real estate solutions in one click “Carpet area” means the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the apartment. (For the purpose of this clause, the expression “exclusive […]
Read MoreA Power of Attorney(POA) is not an instrument of transfer in regard to any right, title or interest in an immovable property. The power of attorney is creation of an agency whereby the grantor authorizes the grantee to do the acts specified therein, on behalf of grantor, which when executed will be binding on the […]
Read MoreSection 80EE allows tax benefits for first time home buyers. Income tax deduction can be claimed on home loan interest towards your first house property. The deduction allowed under this section is for interest paid on home loan up to maximum Rs 50,000 per financial year. You can continue to claim this deduction until you have fully repaid […]
Read MoreTax Benefit on Interest Paid on Home Loan u/s 24 of Income Tax Act. Tax Benefit on payment of interest on housing loan is allowed as a deduction under section 24of the Income Tax Act.
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